Private equity firm may raise over 4 billion yuan to repay loans tied to 2019 leveraged acquisition as appliance maker lags rivals
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Zhuhai Mingjun acquired a 15% stake from Gree's state-owned shareholder in late 2019 for 41.7 billion yuan. Photo: VCG
Gree Electric’s largest shareholder, Zhuhai Mingjun, sold 42.79 million shares on June 4, 2026, generating about RMB 1.66…
After the southern Chinese city of Zhuhai sold its economy’s crown jewel, the state-capital binge that followed produced immense…
After the city of Zhuhai sold its economy’s crown jewel, the state-capital binge that followed produce some unwelcome consequences
The company’s revenue and net profit grew 3.5% and 1.7%, respectively, in the first half, even as retail sales of home appliances…
The developer is transitioning toward an asset-light model focused on commercial operations and services as the domestic property…
Zhou’s case follows debt-driven expansion and a landmark stake sale that reshaped the appliance giant
